Nearing Retirement

Now that retirement is within reach, how will you utilize your assets? Will what you've accumulated over the years be sufficient to support your needs and lifestyle expenses? How much is enough?

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If you are retired, preparing for retirement in the near future, or thinking about how you will use your assets in retirement – here’s some very good news: It is likely that you will enjoy a longer, far more active life in retirement than previous generations did. In fact, 25% of 65-year-olds will live past the age of 90.[1] And as our time spent in retirement appears to stretch on, the need for careful retirement asset planning becomes more clear.

Retirement Income Strategies

For some of us, Social Security and pensions may cover essential expenses during retirement. Others may supplement those income sources with dividends and interest from investments, while many will need to withdraw principal along with earnings in order to meet their needs. What’s an appropriate strategy to accomplish this?

Total Return

  • Primarily used while assets are still accumulating, and can be used in retirement, as well
  • Uses traditional asset allocation, meeting cash flow needs while managing risk and return
  • Distributions dependent upon performance
  • Flexibility to adjust rate of withdrawal


  • For use as you’re nearing retirement or already in retirement
  • Potential lifetime income sources (i.e. Social Security or a pension) are tied to essential expenses
  • Any shortfall can be addressed by income-seeking investments
  • Provides some income predictability

Enhanced Total Return

  • Strictly used to convert assets to income in retirement
  • Preservation of capital may sustain distributions over a longer time horizon
  • Possible to increase income potential with assets allocated to a variable annuity with withdrawal guarantees[2]


Retirement Lifestyle Planner

Use this planner to see how different scenarios, such as moving to a new home, traveling or addressing healthcare costs, may impact your anticipated retirement needs.
Try the Retirement Lifestyle Planner »

Our Approach

PNC Investments can help you to determine an appropriate approach for utilizing your retirement assets, taking into account the following:

  • Social Security and Pensions
    When should you start receiving benefits from each? How much should you request?
  • Work
    Do you plan to work full-time at a new venture? Work part-time? Or not work at all?
  • Income
    Do you expect to spend consistently throughout your retirement or do you expect that your spending will fluctuate?
  • Investments
    How should you manage your investments after you retire? For capital appreciation? For capital preservation? For both?
  • Healthcare
    Will you be paying for long-term care insurance or paying for long-term medical costs out-of-pocket?

Related Resources

The following information may be provided by PNC Investments affiliates, including PNC Bank, PNC Wealth Management® or PNC Institutional Asset ManagementSM:

Retirement Savings Calculator

Use this calculator to get a sense of how much you'll need to live in retirement, how your current savings stack up, and if you need to start saving more for retirement.

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Next Step Guide to Retirement

Answer a few questions, build a personalized checklist and get assistance on how to take your next steps.

Learn More »

IRA Selection Tool

Need help choosing the right IRA for you? Use this tool to find out what kind of IRAs you may be eligible for, and compare the pros and cons of each type.

View IRA Selection Tool »

Important Legal Disclosures and Information

  1. Source: InFRE – Strategies for Managing Retirement Income Workshop

  2. All guarantees are subject to the claims-paying ability of the issuing insurance company. Variable annuities with withdrawal guarantees refer to insurance products that guarantee withdrawals for life without giving up control of the assets and also provide certain flexibility to the investor. These products allow investors to withdraw a set percentage of their investment for life that can increase but not decrease based on market performance. Guarantees are a withdrawal of a client’s original investment until it reaches a zero balance, then the sustained payments may continue subject to the claims-paying ability of the underlying insurance company. Before investing, please review the prospectus for contract costs and limitations. These products are available through PNC Investments.

This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC Investments and its affiliates and vendors do not provide legal, tax or accounting advice.

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Securities products, brokerage services and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.

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This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.

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